Mutual Funds: Ideal for short term or long term?
There’s a general misconception that Mutual Funds get you nothing in short term and are only for investors who want to grow their money over a long period of time. Actually, Mutual Funds are beneficial for everyone regardless of the time duration.
So what period of time should people investing in Mutual Funds consider? Short term or long term? Well, that depends on the following:
- Your Saving Goals
- The Amount of money you want to save
- How often you’d contribute to your account